# Wiley Edge Profit and Loss Quiz-1

Question 1

Time: 00:00:00
Ojas is a trader who sells merchandise on amazon to earn his income.He lists his merchandise 20% above cost. He then grants a discount on it and earns an 8% profit. The discount rate is:

12%

12%

10%

10%

6%

6%

4%

4%

Once you attempt the question then PrepInsta explanation will be displayed.

Start

Question 2

Time: 00:00:00
Diya mirza buys a zig-zag sewing machine from amazon for her retail store and gets a nice discount on, the details are as follows: She purchased a sewing machine for Rs. 1955 after receiving a 15% discount. She thereby earns a 15% profit. The reduction is:

Rs. 270

Rs. 270

Rs. 290

Rs. 290

Rs. 300

Rs. 300

None of these

None of these

Once you attempt the question then PrepInsta explanation will be displayed.

Start

Question 3

Time: 00:00:00
Rolex is the most expensive watch brand but only some know that it is a non-profitable organization and so it doesn’t offer discounts on its watches, but on very special occasions it gives a very little discount. A shopkeeper discounts the watch by 5%; if he discounts it by 7%, his profit is reduced by Rs. 15. The watch has the following marked price:

Rs. 697.50

Rs. 697.50

Rs. 712.50

Rs. 712.50

Rs. 787.50

Rs. 787.50

None of these

None of these

Once you attempt the question then PrepInsta explanation will be displayed.

Start

Question 4

Time: 00:00:00
Dinesh yadav sells his friend Ron his automobile for a 10% loss as he was in need of the money and it was the quickest way possible to get money for covid treatment for his wife. Suppose your Ron sells it for Rs. 54,000 while making 20%. The car's original C.P. was:

Rs. 25000

Rs. 25000

Rs. 37500

Rs. 37500

Rs. 50000

Rs. 50000

Rs. 60000

Rs. 60000

Once you attempt the question then PrepInsta explanation will be displayed.

Start

Question 5

Time: 00:00:00
Maths teacher was taking class regarding profit and loss. The students encountered some difficulty at the starting but got the hang of it after some time.She then gave them 10 min to solve a particularly question to see the level of understanding , the question goes like:What price must Kantilal sell a blend of 120 kg at Rs. 8 per kg and 80 kg at Rs. 6.75 per kg in order to gain 20%?

Rs. 7.50 per kg

Rs. 7.50 per kg

Rs. 8.20 per kg

Rs. 8.20 per kg

Rs. 8.85 per kg

Rs. 8.85 per kg

Rs. 9 per kg

Rs. 9 per kg

Once you attempt the question then PrepInsta explanation will be displayed.

Start

Question 6

Time: 00:00:00
Aman purchased wheat for his shop and then sold it for a 10% loss. He would have made a 40% profit if he had bought it for 20% less and sold it for Rs. 55 more. The wheat's C.P. is:

Rs. 200

Rs. 200

Rs. 225

Rs. 225

Rs. 250

Rs. 250

None of these

None of these

Once you attempt the question then PrepInsta explanation will be displayed.

Start

Question 7

Time: 00:00:00
Rahul mahajan purchased 2 dozen apples at a cost of Rs. 16 a dozen and 4 dozen apples at a cost of Rs. 12. To make 20%, he sold each one. How much did he charge per dozen for the apples?

Rs. 14.40

Rs. 14.40

Rs. 16.00

Rs. 16.00

Rs. 16.80

Rs. 16.80

Rs. 19.20

Rs. 19.20

Once you attempt the question then PrepInsta explanation will be displayed.

Start

Question 8

Time: 00:00:00
Vishal is a publisher and owns a small publishing company so has to do all his work on his own. He has to be careful as to make profit from his company and carefully spends money.At a cost of Rs. 80 per ream, Vishal purchased 120 reams of paper. He paid 280 rupees for transportation. paid the coolie Rs. 72 and purchased octroi at a price of 40 paise per ream. if he wants to make an 8% gain. What must the ream-by-ream selling price be?

Rs. 86

Rs. 86

Rs. 87.48

Rs. 87.48

Rs. 89

Rs. 89

Rs. 90

Rs. 90

Once you attempt the question then PrepInsta explanation will be displayed.

Start

Question 9

Time: 00:00:00
Kush bought a new house and went shopping for his new house. He first went to big bazaar but it was closed down due to a dispute between reliance and amazon, so he went to croma. At croma the price of two mixers and a TV is Rs. 7000. While a mixer and two TVs cost Rs. 9800. The cost of a single TV will be:

Rs. 2800

Rs. 2800

Rs. 2100

Rs. 2100

Rs. 4200

Rs. 4200

Rs. 8400

Rs. 8400

Once you attempt the question then PrepInsta explanation will be displayed.

Start

Question 10

Time: 00:00:00
There are various ways in which a Bipin Chandra can make profit on goods which can easily make him a nice sum of money. From various known ways Bipin sold his goods for Rs. 75 at a profit percent equal to C.P. The C.P was:

Rs. 40

Rs. 40

Rs. 50

Rs. 50

Rs. 60

Rs. 60

Rs. 70

Rs. 70

Once you attempt the question then PrepInsta explanation will be displayed.

Start

["0","40","60","80","100"]
["Need more practice!","Keep trying!","Not bad!","Good work!","Perfect!"]

Personalized Analytics only Availble for Logged in users

Analytics below shows your performance in various Mocks on PrepInsta

Your average Analytics for this Quiz

Rank

-

Percentile

0%

Completed

0/10

Accuracy

0%

Prime Video

#### PrepInsta Prime Video

Complete Video Course for Wiley Edge

(For Wiley Edge)
Get Prime Video

Prime

#### PrepInsta Mock

Topic Wise Full Mock and much more

(For Wiley Edge)
Get PrepInsta Mock
##### Get Prepinsta Prime

Get all 200+ courses offered by Prepinsta

### Never Miss an OffCampus Update

Get OffCampus Updates on Social Media from PrepInsta

Follow us on our Media Handles, we post out OffCampus drives on our Instagram, Telegram, Discord, Whatsdapp etc.

## Get over 200+ course One Subscription

Courses like AI/ML, Cloud Computing, Ethical Hacking, C, C++, Java, Python, DSA (All Languages), Competitive Coding (All Languages), TCS, Infosys, Wipro, Amazon, DBMS, SQL and others.

## Get over 200+ course One Subscription

Courses like AI/ML, Cloud Computing, Ethical Hacking, C, C++, Java, Python, DSA (All Languages), Competitive Coding (All Languages), TCS, Infosys, Wipro, Amazon, DBMS, SQL and others.

## Get PrepInsta Prime Subscription

Get access to all the courses that PrepInsta offers, check the out below -

### Companies

TCS, Cognizant, Delloite, Infosys, Wipro, CoCubes, KPMG, Amazone, ZS Associates, Accenture, Congnizant & other 50+ companies

### Programming

Data Structures, Top 500 Codes, C, C++, Java Python & other 10+ subjects

### Skills

Full Stack Web Development, Data Science, Machine Learning, AWS Cloud, & other 10+ skills and 20+ projects